The following information is given for Hemal Limbachia for the year ended 31 December 20*8: Required Calculate

Question:

The following information is given for Hemal Limbachia for the year ended 31 December 20*8:

Required

Calculate the following ratios:

a) Mark-up
b) Net profit margin
c) Overheads in relation to turnover ratio
d) Rate of stock turnover
e) Net current asset ratio
f) Liquid capital ratio
g) Debtors’ collection period
h) Creditors’ payment period.

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Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 05:43 AM

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The following information is given for Hemal Limbachia for the year ended 31 December 20*8: Required Calculate

Question:

Sales (80% credit sales) Stock 1 January 20*8 Purchases (all on credit) Gross profit Expenses Fixed assets Trade debtors Bank balance Trade creditors Drawings Capital 1 January 20*8 £ 250,000 11,000 141,000 139,000 78,000 120,000 15,000 8,000 20,000 30,000 127,000

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Introducing Accounting For AS

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Sales (80% credit sales) Stock 1 January 208 Purchases (all on credit) Gross profit Expenses Fixed assets Trade debtors Bank balance Trade creditors Drawings Capital 1 January 208 £ 250,000 11,000 141,000 139,000 78,000 120,000 15,000 8,000 20,000 30,000 127,000